Ballot Measure 1 – Oil Tax Referendum

Last year the Legislature narrowly passed Senate Bill 21, which offers tax cuts to encourage more drilling in the wake of declining oil production statewide. Today, Alaska voters have the opportunity to repeal the cuts laid out under SB 21. Those voting “yes” on Ballot Measure 1 are voting to repeal the cuts. Those voting “no” are electing to leave the tax reform as it stands under Senate Bill 21.